(Reuters) – ProShares is rolling out the first exchange-traded fund (ETF) that allows investors to take a bearish view on ether, the world’s second-largest cryptocurrency, the firm said on Thursday. ProShares Short Ether Strategy is designed to deliver the inverse of the daily performance of the Standard & Poor’s CME …

KUALA LUMPUR: Datuk Seri Dr Wee Ka Siong has questioned discrepancies in the RM1bil allocation in Budget 2024 meant to maintain 10,000 schools nationwide. The Ayer Hitam MP pointed out only RM565mil was available to maintain all types of national schools, Tamil, Chinese and other schools. “Why did Budget 2024 …

LONDON (Reuters) – So dire has Manchester United’s home form been this season that perhaps the only saving grace as they prepare for the next match of a so-far torrid campaign is that it is away at Fulham. Erik Ten Hag’s stumbling United side were booed at halftime and fulltime …

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has denied reaching out to Bersatu’s Kuala Kangsar MP Datuk Iskandar Dzulkarnain Abdul Khalid and Labuan MP Datuk Suhaili Abdul Rahman to get their support in Parliament. “Kuala Kangsar and Labuan have never negotiated with me or any ministers,” said Anwar during …

PETALING JAYA: Pentamaster Corp Bhd believes the current volatile and unstable macro environment look is unlikely to abate anytime soon. In a filing with Bursa Malaysia, the semiconductor company said this is in light of the ongoing geopolitical instability across different regions and the persistent inflationary pressure. Nevertheless, Pentamaster said …

(Reuters) – An exchange traded fund (ETF) tied to high-flying shares of U.S. chipmaker Nvidia Corp is the top-performing ETF so far this year, as the frenzy around artificial intelligence attracts buyers. The GraniteShares 1.5X Long NVDA Daily ETF, that tracks 1.5 times the daily percentage change of Nvidia, has …

MANCHESTER, England (Reuters) – Manchester United’s beleaguered manager Erik ten Hag is coming under even more pressure after his lacklustre side were knocked out of the League Cup by Newcastle United at Old Trafford on Wednesday with the media headlines highlighting their plight. “Ten Hag’s total humiliation, United manager facing …

JOHOR BARU: It will be a disaster for Prime Minister Datuk Seri Anwar Ibrahim if the Budget 2024 fails to get Parliament’s approval, says Pasir Gudang MP Hassan Abdul Karim. He added that later at 6pm, Anwar, who is also the Finance Minister, would wind up the ministry’s budget at …

KUALA LUMPUR: Bursa Malaysia finished higher on Thursday after Bank Negara kept its overnight policy rate (OPR) unchanged. The central bank has maintained its OPR at 3%, a move widely expected by economists. “At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent …

NEW YORK (Reuters) – Uber and Lyft will pay a combined $328 million to settle claims by New York’s attorney general that the ride-sharing companies systematically cheated drivers out of pay and benefits. Attorney General Letitia James said Uber will pay $290 million and Lyft will pay $38 million to …